Flying by the seat of their pants:What can High Frequency Trading learn from aviation? [PDF]
Baxter, Gordon, Cartlidge, John
core
Pollution Permits and Financing Costs
Abstract Effective environmental policy should consider how the financiers of polluting firms behave. We study phase III of the EU Emission Trading System. Loan spreads for cap‐and‐trade participants are a function of compliance costs, permit market features, and firms’ strategic actions.
FABIO ANTONIOU +3 more
wiley +1 more source
Synergistic role of oral and maxillofacial surgery and prosthodontics in implant-based rehabilitation: a scoping review protocol. [PDF]
Mundathaje M +4 more
europepmc +1 more source
Financial Fragility and the Fiscal Multiplier
Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK +1 more
wiley +1 more source
The arterial stiffness and pulse pressure are predictors of intraocular pressure in a middle-aged population. [PDF]
Vallée A +4 more
europepmc +1 more source
Interest Rate Pegs and the Reversal Puzzle: On the Role of Anticipation
Abstract We revisit the reversal puzzle: a counterintuitive contraction of inflation in response to an interest rate peg. We show that its occurrence is intimately related to the degree of agents' anticipation. If agents perfectly anticipate the peg, reversals occur depending on the duration of the peg.
RAFAEL GERKE +2 more
wiley +1 more source
A commentary on "Tumour immunotherapy: past, present, and future". [PDF]
Huo D, He T, Qi Y.
europepmc +1 more source
Liquidity Crises and the Market‐Maker of Last Resort
Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN +2 more
wiley +1 more source
Integrated forecasting and deep reinforcement learning for price-based self-scheduling of PV-BESS: Utility-scale evidence in Chile. [PDF]
Pérez J, Lobos G, Bonacic M.
europepmc +1 more source
Macroprudential Policy in the Euro Area
Abstract This paper examines the development and impact of macroprudential policies in the euro area. We construct a novel index that captures the stance of macroprudential policy, and we highlight its main stylized facts since the inception of the euro in 1999. We combine a narrative approach and a structural VAR method to show that both unanticipated
ÁLVARO FERNÁNDEZ‐GALLARDO +1 more
wiley +1 more source

